The launch of a Dogecoin exchange-traded fund (ETF) is breathing new life into the memecoin. Shortly after the first trading day of the new Grayscale Dogecoin Trust, the price jumped by five percent. DOGE also broke through a significant resistance level around $0.148.
For the first time in weeks, Dogecoin is showing signs of strength. Many DOGE traders see the ETF launch as the beginning of a new chapter for the memecoin.
Dogecoin: From Joke Currency to ETF #
Yesterday saw the launch of the Grayscale Dogecoin Trust (GDOG). With this, DOGE now has its own fully regulated ETF, marking a major milestone for the memecoin. The fund is tradable alongside traditional assets on NYSE Arca. According to estimates, the fund saw around €10 million in trading volume on its very first day.
Dogecoin started as a memecoin but has grown over the years into a full-fledged and legitimate cryptocurrency. The arrival of this ETF is the culmination of that growth. Various ETF analysts have even called the launch “a new turning point for memecoins.” Crypto analyst Tardigade sees something big happening for DOGE in the near future:
$Doge/daily #Dogecoin is gearing up for something big 🔥 MACD: ⚪ Contracting histogram—momentum’s coiling for a potential surge 🟠 Fresh bullish crossover could ignite a powerful rally
— Trader Tardigrade (@TATrader_Alan) November 25, 2025
Dogecoin could certainly use a recovery. The price has fallen enormously in recent months. Whales (large wallets holding 10 to 100 million DOGE) played a major role, selling a total of nearly 7 billion tokens. This sell-off now appears to be clearly cooling off. On-chain data shows that the outflow from whales has slowed significantly in recent days. This suggests the market is rebalancing as institutional players enter via the ETF.
Start of a Breakout? #
Meanwhile, daily trading activity also increased sharply. In the last 24 hours, the volume almost doubled to around 686 million DOGE. Buyers came in especially strong during the afternoon hours, when the memecoin shot up from $0.1478 to $0.1523 in one hour. The Dogecoin price eventually peaked at $0.154. It is now trying with all its might to hold the $0.15 price level.
What stands out is that multiple technical indicators are turning positive at the same time. The price not only broke through the resistance around $0.148 but did so on exceptionally high volume. This type of breakout often marks the beginning of a new phase, where selling pressure gives way to a period of accumulation.
According to analyst Tardigrade, Dogecoin’s daily chart shows the MACD histogram contracting further, as if the market is charging up for a potential breakout. A new bullish crossover is also on the verge of appearing. In previous cycles, this often signaled the start of a rally. Analyst Cryptorand also believes that Dogecoin is at the beginning of a potential price breakout.
The Dogecoin price over the last 24 hours. Source: Coingecko.